In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: $(1)355$ units at $$6,$

$(2)510$ units at $$7,$ and $(3)400$ units at $$8.$

Assuming there are $265$ units on hand, compute the cost of the ending inventory under the $($a$)$ FIFO method and $($b$)$ LIFO method.

Sunland uses a periodic inventory system.

FIFO

$($a$)$ Cost of the ending inventory $

LIFO

$($b$)$ Cost of the ending inventory $

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